Friday, November 19, 2010

Conditionally Approved - Whats the value of the dirt patch?

So now we're at a stand still. We have the conditional approval on the land, but the bank wants to value it. Pretty hard as it's not even pegged out yet. Not sure how Bankwest will do this but hopefully they can sort it out. We really don't want to miss out on this. We also have to wait for the mortgage insurers to look at the loan and advise how much we'll be handing over to them.

Jordan Springs were expecting us to pay the deposit on Monday but it looks like it will be more then likely later in the week now. I hope they don't mind.

The solicitor is also chasing up a copy of the bank loan to read that contract for us. This might cost a penny or two but it's worth it in the end.

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